Samsung C&T Corp. participated in building the Petronas Twin Towers in 1999 in the center of downtown Kuala Lumpur, which has become a symbol of the metropolis, with the bridge connecting the two buildings attracting many visitors from the world over.
Surrounded by lush tropical forest, the city is also rife in modern and traditional buildings, making views from the bridge all the more impressive.
Not far from the twin towers, Samsung C&T has been working on another landmark building in Malaysia, the Star Residence. It consists of three 265-meter-tall residential and commercial structures ones, and they will be the tallest such structures in Malaysia when completed.
The so-called RT1 will be 58 stories high and will have 557 apartments. RT2 will have 59 floors will have 482 apartments, while RT3 59 floors with 482 apartments. The three buildings will have 1,521 apartments with a six-storey annex to have rooms for shopping malls and other large commercial facilities.
The owner of the project came to the company first, even though a construction company wrote in a high bid for the project, which showed that Samsung C&T enjoys quite a reputation in Malaysia.
At the present time, the project is in the early stages, with work on the ground about to be completed, which will be followed by concrete piling. When the groundwork is completed, the company will move on to the next stage, which is to use the top-down construction method to work on both underground and above ground work at the same time, with the project targeted to be concluded in August 2019, roughly in 59 months after the project got kicked off in November last year.
Kang Kyung-joo, chief of the construction site for the Korean construction firm, said Samsung C&T is well-known throughout Malaysia, although some 15 years have passed since the completion of the twin tower and it will continue to live up to the reputation that the company commands in the S.E. Asian country. The company will focus on safety and quality of the construction work, with so many unskilled workers being hired from Bangladesh and Nepal, among other countries in Asia.
Some of the apartments have already been sold to celebrities including David Beckham, a former star football player from Britain, and Jimmy Choo, a famous shoe designer from Malaysia, among others.
Medical tourism is popular in Malaysia, with the Malaysia Healthcare Travel Council reporting an arrival of 641,000 foreign patients in 2011, 728,800 in 2012, 881,000 in 2013 and 882,000 in 2014. Malaysia Healthcare Travel Council, a government agency with the aim of promoting medical tourism, was launched in 2009 as an initiative by the Ministry of Health.
In 2014, Malaysia recorded 27,437,315 tourist arrivals; a growth of 6.7 percent compared to 2013. Total tourist receipts increased by 7.99 percent, generating MYR 65.44 billion. United Nations World Tourism Organisation (UNWTO) listed Malaysia as the 10th most visited country in 2012.
Samsung C&T Corporation and Cheil Industries are pleased to announce the completion of the merger. The combined company will officially become the new integrated Samsung C&T on Sept. 1.
With its new vision of "Global Business Partner & Lifestyle Innovator," the new Samsung C&T will maximize the synergies of the merged entities by integrating strategic strengths and executing a growth strategy that can effectively leverage the core competencies of the two companies. The combined company aims to become a global leading business partner and generate 60 trillion won in annual revenue by 2020 by offering a full-range of products and services.
A bird's eye view of Star Residence Complex, the tallest residential complex in Kuala Lumpur, Malaysia, with three buildings with a total of 1,521 deluxe apartments, being built by Samsung C&T for its owner Alpine Return Inc.